Core Insights - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 80% across its flagship channels [1] - The advertising revenue from free-to-air channels continues to show year-on-year growth, with expectations for stronger performance in Q4 2025 due to the anticipated launch of the series "News Queen 2" [1] - The digital media segment, particularly the myTV SUPER streaming service, has approximately 2 million average monthly active users, contributing to strong double-digit growth in digital advertising revenue [1] Group 1 - The company achieved a milestone in integrating artificial intelligence (AI) into its content creation process, with the airing of a short drama entirely created by AI [2] - The AI-generated short drama "In My Heart, You Are Unique" was broadcast on TVB Plus, myTV SUPER, and Tencent Video, showcasing the company's commitment to innovative content [2] - The company plans to release more AI-generated series in the coming months, indicating a strategic shift towards leveraging AI in content production [2] Group 2 - The company has completed filming the highly anticipated "News Queen 2," which is set to premiere in November 2025 on Youku [2] - Co-produced dramas "After the Tower" and "Golden Forest" have premiered on Youku and Tencent Video, respectively, expanding the company's content offerings [3] - The company reaffirms its expectations for continued year-on-year growth in EBITDA and positive net profit for the fiscal year ending December 31, 2025 [3]

（於香港註冊成立之有限公司） 股份代號：00511 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 截至二零二五年九月三十日止三個月期間之 業務最新情況及未經審核營運資料 電視廣播有限公司（「本公司」或「無綫電視」，連同其附屬公司，統稱「本集 團」）董事局（「董事局」）欣然提供截至二零二五年九月三十日止三個月期間 （「本季度」）本集團部分業務的業務最新情況及未經審核營運資料如下。 1. 電視廣播及數字媒體業務 於本季度內，我們於香港地面免費電視頻道的收視率繼續保持領先地位，我們的旗 艦頻道翡翠台、24 小時無綫新聞台及其他頻道的收視率合計達到 80%的市場份額： 截至下列日期止三個月期間平日黃金時段 （晚上七時至十一時）： | | 二零二五年 | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 九月三十日 | 六月三十日 | 九月三十日 | | 無綫電視的免費電視頻道 | | | | | 1 平均電視收視點 ...

Core Insights - The 2025 China Broadcasting and Television Quality Creation Conference highlighted the critical role of artificial intelligence (AI) in the broadcasting industry, emphasizing that embracing AI is essential for survival [1] - Four key development directions were proposed: enhancing data resource construction for large model training, deepening application scenarios for intelligent creative upgrades, optimizing governance for a better creative ecosystem, and expanding content dissemination through open innovation [1] Group 1: AI in Content Creation - AI is currently being integrated into existing film and television production processes, with a notable focus on AI-native animation due to its faster implementation speed [2][4] - Video platforms like iQIYI and Tencent Video are launching AI creative competitions to foster a commercial ecosystem for AIGC (AI-Generated Content), primarily using short films as a practical entry point [2] - The market for short dramas, particularly in the "manhua" (comic) genre, is experiencing rapid growth, with over 3,000 new works launched in the first half of 2025, reflecting a compound growth rate of 83% and a revenue increase of 12 times [2] Group 2: AI's Limitations and Potential - Current AI tools are seen as supplementary in film and television creation, particularly in scriptwriting and actor replacement, but they struggle with consistency in long-form content [3] - The creation of long-form content is a complex process that requires a systematic and collaborative approach, which AI alone cannot fully support [3] - Some industry voices argue that AI could potentially disrupt traditional content production processes, with the possibility of AI-driven commercial content emerging in the future [3] Group 3: AI in Animation - AI-generated animation content is more prevalent, as the audience has lower expectations for realism compared to live-action content [4] - The industry is exploring the commercial potential of AI-generated digital human IPs, although brand acceptance remains cautious [6] - AI technology is lowering creative barriers, making the film industry more accessible and increasing the diversity of market offerings [6][7] Group 4: Technological Advancements - Video generation model technologies are rapidly evolving, with platforms like Kuaishou's Keling AI undergoing over 30 iterations in just 16 months [7] - Keling AI is developing a comprehensive AI creative ecosystem that spans advertising, film, gaming, and cultural tourism [7]

10月29日，"精彩陕西——跨越国界的文化之旅"征集作品揭晓仪式在西安外国语大学长安校区举 行。本次活动以"镜头无国界，陕西有故事"为主题，由陕西省广播电视局主办，陕西省广播电视对外交 流中心与陕西广电融媒体集团起点中心承办，陕西广电融媒体集团（陕西广播电视台）和西安外国语大 学提供支持。 省广电局相关负责人介绍，"精彩陕西——跨越国界的文化之旅"征集活动自今年7月启动以来，获 得全省各级广电融媒机构、影视机构及个人创作者的积极响应。经专家评审从主题、文化价值、视觉效 果等多维度综合评选，最终评出一类作品3个、二类作品6个、三类作品9个，涌现出《美国演员吕鹏程 和他的西安电影梦》《金色余晖下朱鹮的浪漫归途》等优秀作品，从多元视角生动展现了陕西的历史底 蕴、自然生态与发展新貌。 揭晓仪式上，部分获奖创作者代表讲述了他们如何通过镜头记录时代、传播陕西故事的创作历程与 感悟。来自陕西省委外事工作委员会办公室、西安外国语大学及陕西省广播电视局等单位的国际传播专 家，围绕叙事创新与传播效能提升等议题进行分享交流。 （记者：师念） ...

Group 1 - ST Guangwang reported a revenue of approximately 894 million yuan for the first three quarters of 2023, representing a year-on-year decrease of 22.16% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 604 million yuan [1] - The basic earnings per share were a loss of 0.85 yuan [1] Group 2 - As of the report, ST Guangwang's market capitalization is 3.4 billion yuan [2]

Core Insights - The company reported a third-quarter revenue of 1.094 billion, representing a year-on-year increase of 39.84% [1] - The net profit for the third quarter showed a loss of 51.4761 million [1] - For the first three quarters, the total revenue reached 3.134 billion, marking a year-on-year growth of 47.99% [1] - The net profit for the first three quarters also reflected a loss of 344 million [1]

Core Insights - Guiguan Network reported a third-quarter revenue of 278 million yuan, a year-on-year decline of 19.76% [1] - The company incurred a net loss of 253 million yuan in the third quarter [1] - For the first three quarters, the total revenue was 895 million yuan, reflecting a year-on-year decrease of 27.63% [1] - The net loss for the first three quarters amounted to 815 million yuan [1]

Core Insights - The 2025 China Broadcasting and Television Quality Creation Conference aims to summarize achievements in broadcasting and television content creation and explore innovative paths for audiovisual content in the new era [1] - The conference emphasizes a people-centered creative approach, the integration of culture and technology, and the importance of continuing Chinese cultural heritage while promoting international communication [1] Group 1 - The conference highlights the need for the broadcasting and audiovisual industry to enhance the quality and quantity of content, promote systemic reform, and strengthen technological support [1] - The "Documentary Innovation Action Plan" was launched to encourage the expansion of themes and innovative expressions in documentary creation [2] - The "Beautiful China" quality creation plan was introduced to support television projects that focus on contemporary themes and reflect people's sentiments [2] Group 2 - The conference will last until October 29 and includes various events such as a quality night, ten parallel forums, and six artistic salons, attracting over 1,000 industry organizations and more than 9,000 representatives [3] - The conference serves as a multi-functional platform for showcasing achievements in broadcasting and television, stimulating innovation, and promoting high-quality industry development [3]

Core Insights - The 2025 China Broadcasting and Television Quality Creation Conference opened in Beijing, focusing on the theme "Audio-Visual Enriches China, Quality Contributions to the People" [1] - The conference aims to summarize achievements in broadcasting and television quality creation and explore innovative paths for audio-visual content in the new era, promoting high-quality development in the industry [1] Industry Development - Participants emphasized the need for a people-centered creative approach to enrich the supply of quality content [1] - The integration of culture and technology is essential to stimulate innovation and creativity in broadcasting and television [1] - There is a focus on utilizing traditional culture while innovating to better continue the Chinese cultural legacy [1] - The industry should promote openness and inclusivity to enhance cultural exchange and mutual learning [1] - The goal is to elevate both the quantity and quality of content, ensuring a continuous emergence of quality works [1] Initiatives and Plans - The "Documentary Innovation Action Plan" was launched to encourage the expansion of themes and innovative expressions in documentary creation [1] - The "Quality Creation Plan for Chinese Dramas" was initiated to support television projects that focus on contemporary themes and reflect the sentiments of the people [1] - The conference also announced the results of the 2024 "Audio-Visual China Global Broadcasting" event, recognizing outstanding works and institutions [1][2] Conference Details - The conference is organized by the National Radio and Television Administration and the Beijing Municipal Government, running from October 28 to 29 [2] - It features 10 parallel forums, 6 artistic salons, and various supporting activities, attracting over 1,000 industry organizations and more than 9,000 representatives [2]

Core Viewpoint - Mango TV is facing challenges due to a decline in revenue and profit, attributed to strategic shifts in its traditional e-commerce business and increased investments in quality content and technology [3][6][8] Financial Performance - In Q3 2025, Mango TV reported revenue of 3.099 billion yuan, a year-on-year decrease of 6.58%, and a net profit of 252 million yuan, down 33.47% [3][6] - For the first three quarters of 2025, total revenue was 9.063 billion yuan, a decline of 11.82%, with a net profit of 1.016 billion yuan, down 29.67% [6] - The decline in revenue is primarily due to a strategic reduction in traditional e-commerce operations, while the core Mango TV platform's revenue remained stable [6][8] User Engagement - From January to September 2025, the average monthly active users of Mango TV increased by approximately 11.08% [3][7] - As of August 2025, the total user base reached 750 million, with significant growth in both app and OTT platforms [7] Advertising and Content Strategy - The advertising business showed signs of recovery in Q3, with revenue growth compared to previous periods [3][7] - Mango TV's strong content IP continues to attract brands, with notable collaborations in various popular shows [7][8] Industry Context - The challenges faced by Mango TV are reflective of broader issues within the long video consumption landscape, rather than being unique to the company [6] - The company is strategically refocusing on its core business while navigating the competitive e-commerce landscape [8]